Florida Real Estate News

In a sign that the entire foreclosure process is coming under pressure, a second major mortgage lender said that it was suspending court cases against defaulting homeowners so it could review its legal procedures.
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Homes in some stage of foreclosure continue to cast a long shadow over the South Florida real estate market, but buyers are taking advantage of the bargain prices.
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Regulators will question Sunshine State Insurance Co. on Thursday about its request to raise rates by an average 25 percent statewide for policies covering homes, condo units, renters and rented or vacation homes.
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A year after Bernie Madoff’s Palm Beach home went on the market, it’s still for sale. And the price keeps dropping.
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Associations should be clear about who is financially responsible for maintenance, repairs and upgradesbr/br/To help its nearly 15,000 residents get the best deal on paid-TV service, Century Village East in Deerfield Beach signed a 10-year, $15 million-plus cable-television contract. More than halfway into it, the community association now believes it is getting less than what [...]

The state Supreme Court has declined a Florida Congressman’s request to halt all foreclosures being handled by several South Florida law firms under investigation by the Attorney General for allegedly improper documentation procedures in thousands of cases, saying the high court has no jurisdiction.
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U.S. Department of Energy officials say Florida will not lose federal grant funding for its “cash-for-clunker” air-conditioner rebates if state officials miss the Thursday deadline to authorize spending the cash. But the program still is frozen and probably will remain so until the Florida Legislature returns to Tallahassee in November.
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Congressional leaders are calling on Fannie Mae to explain why the government-owned mortgage giant is retaining the services of four Florida law firms under investigation.
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Chris Bosh, one of the Miami Heat’s prized new additions, bought a seven-bedroom house for $12.5 million in Miami Beach, the Miami Herald reports.
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Homeowners seeking relief from burdensome mortgages have a handful of government programs at their disposal, but trying to qualify for the aid has left many frustrated and frantic.
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